QUANTUM CORP /DE/ (QMCO) Company Report

Quantum Corporation announced preliminary unaudited financial results for its fiscal third quarter of 2026, which ended December 31, 2025.
The company expects revenue of approximately $72.7 million, exceeding the high-end of its guided range.
GAAP gross margin is anticipated to be approximately 38%.
GAAP operating expenses are expected to be approximately $28.1 million, while non-GAAP adjusted operating expenses are projected at approximately $26.9 million.

Jan 15, 2026, 1:42 PM

8-K

Quantum Announces Preliminary Fiscal Third Quarter 2026 Results

QMCO

Earnings

Guidance Update

Quantum Corporation (QMCO) announced preliminary unaudited financial results for its fiscal third quarter of 2026, which ended December 31, 2025.
The company expects revenue of approximately $72.7 million, which is above the high-end of its guided range of $67 million, plus or minus $2 million.
Preliminary results indicate a GAAP gross margin of approximately 38%.
GAAP operating expenses are estimated at $28.1 million, and non-GAAP adjusted operating expenses are approximately $26.9 million, which is within the provided guidance range.

Jan 15, 2026, 1:30 PM

Press Release

Grant & Eisenhofer Files Securities Class Action Lawsuit Against CIBC and RBC Regarding Quantum Stock

QMCO

Legal Proceedings

Grant & Eisenhofer P.A. filed a securities class action lawsuit on December 19, 2025, against the Canadian Imperial Bank of Commerce (CIBC) and Royal Bank of Canada (RBC).
The lawsuit alleges that the defendants engaged in "spoofing", a manipulative trading practice, to artificially deflate the price of Quantum stock.
The alleged manipulative conduct occurred during the Class Period from January 6, 2021, to October 15, 2025.
Investors who sold Quantum securities during this period and were damaged are part of the proposed class, with a deadline of February 20, 2026, to move the Court to serve as lead plaintiff.

Dec 22, 2025, 9:49 PM

Press Release

Quantum Corporation Completes Convertible Note Issuance and Shareholder Approvals

QMCO

Debt Issuance

Convertible Preferred Issuance

Proxy Vote Outcomes

Quantum Corporation issued 10.00% PIK Senior Secured Exchangeable Notes due December 18, 2028, with a principal sum of $54,718,114, to Dialectic on December 18, 2025. The initial conversion price is $10.00 per share, subject to quarterly resets with a $4.00 per share floor.
The notes are secured by all of the Company's assets and include covenants requiring minimum liquidity of $3.75 million by March 31, 2026, increasing to $7.5 million by Q4 2026 and each quarter thereafter.
Shareholders approved the issuance of these convertible notes, the issuance of notes for additional funds, and the issuance of common stock under a forbearance warrant at the Annual Meeting on December 16, 2025.
Upon full conversion of the notes and exercise of the forbearance warrant, the shares issuable to Dialectic would represent approximately 36.9% of the Company's issued and outstanding Common Stock.
The Company is required to retain Charles Hale as Chief Restructuring Officer (CRO) to evaluate cost savings and achieve positive EBITDA starting the fiscal quarter ended December 31, 2025.

Dec 18, 2025, 10:15 PM

8-K

Quantum Shareholders Approve Term Debt Exchange for Convertible Notes

QMCO

Debt Issuance

Proxy Vote Outcomes

Quantum Corporation (QMCO) shareholders approved the exchange of outstanding term debt for senior secured convertible notes at the Annual Meeting on December 16, 2025.
The transaction involves issuing convertible notes to Dialectic Technology SPV LLC in exchange for approximately $55 million of term debt.
This exchange is expected to eliminate approximately 50% of Quantum's outstanding term loan debt, contributing to a total debt reduction of $140 million from its peak in 2020.
The Convertible Notes will mature on the third anniversary of closing, carry a 10% per annum interest rate, and have an initial conversion price of $10.00 per share, which will not be reset below $4.00 per share.

Dec 17, 2025, 9:05 PM

Press Release

Q/C Technologies Appoints Martin Shkreli as Strategic Advisor

QMCO

Management Change

New Projects/Investments

Hiring

Q/C Technologies, Inc. (Nasdaq: QCLS) has appointed Martin Shkreli as a Strategic Advisor to the Company.
Shkreli will contribute his experience in technology, industry contacts, financial innovation, and early-stage growth, joining James Altucher on the advisory team to strengthen expertise in computing, AI, and blockchain technologies.
The company's qc-LPU100™ quantum-class laser processing units, which utilize light for energy efficiency, have demonstrated speeds up to 100x faster than state-of-the-art GPUs and quantum computers with 1/100th the energy usage for specific computational problems.
Q/C Technologies holds exclusive rights to LightSolver's technology, adapting it for blockchain use cases and aiming to enhance cryptocurrency infrastructure development.

Dec 9, 2025, 2:15 PM

Press Release

Quantum Corporation Reports Q2 Fiscal 2026 Results, Announces Debt Restructuring Agreement, and Provides Q3 Outlook

QMCO

Earnings

Guidance Update

Debt Issuance

Quantum Corporation reported Q2 Fiscal 2026 revenue of $62.7 million and a non-GAAP loss of $0.54 per share, with adjusted EBITDA turning positive at $0.5 million for the quarter ending September 30, 2025.
The company achieved a record backlog of over $25 million and announced a definitive agreement to restructure approximately $52 million in term debt into senior secured convertible notes, pending shareholder approval, with the goal of eliminating $140 million in total debt since 2020.
For Q3 Fiscal 2026, Quantum anticipates revenue of approximately $67 million (plus or minus $2 million) and adjusted EBITDA of positive $1 million (plus or minus $1 million).
Strategic highlights include winning the Library of Congress 100-year archive project, introducing new ActiveScale capabilities, and forming a strategic partnership with Entanglement for AI and HPC data centers.

Nov 13, 2025, 10:00 PM

Transcript

Quantum Corporation Reports Fiscal Second Quarter 2026 Financial Results

QMCO

Earnings

Guidance Update

Revenue Acceleration/Inflection

Quantum Corporation reported revenue of $62.7 million for its fiscal second quarter of 2026, which ended September 30, 2025.
The company's GAAP net loss for the quarter was $46.5 million, or ($3.49) per share, and the non-GAAP adjusted net loss was $7.1 million, or ($0.54) per share.
Non-GAAP adjusted EBITDA for fiscal Q2 2026 was $0.5 million.
For the fiscal third quarter of 2026, Quantum provided guidance for revenue of $67 million (plus or minus $2 million) and non-GAAP adjusted EBITDA of positive $1 million (plus or minus $1 million).

Nov 13, 2025, 9:51 PM

8-K

Quantum BioPharma Reports Strong Q3 2025 Results and Extends Cash Runway

QMCO

Earnings

Guidance Update

Dividends

Quantum BioPharma reported strong financial results for the third quarter ending September 30, 2025, reaffirming its "no going concern" status and stating that existing capital resources are sufficient to maintain operations beyond March 2027.
The company significantly strengthened its balance sheet in Q3 2025 compared to Q2 2025, achieving a 50% reduction in total liabilities to US$6.6 million, a 275% increase in shareholder equity to US$7.5 million, and an 87% reduction in the debt-to-equity ratio to 0.89x.
Quantum BioPharma realized US$572,000 in gains from its digital asset portfolio year-to-date, with digital assets totaling US$5.2 million as of September 30, 2025.
Progress was made on its Multiple Sclerosis drug, Lucid-21-302 (Lucid-MS), with Phase 1 oral toxicity studies completed showing no toxicity or side effects, and a joint PET study initiated with Massachusetts General Hospital scientists.
Subsequent to Q3 2025, the company announced a Special Dividend consisting of contingent value rights (CVRs), with a record date of October 27, 2025.

Nov 7, 2025, 12:00 PM

Press Release

STV Group a.s. Partners with Post-Quantum for Quantum-Safe Communication

QMCO

New Projects/Investments

Product Launch

STV Group a.s. has signed a multi-year licensing agreement to deploy Post-Quantum's quantum-safe communication platform.
A strategic cooperation agreement was also signed to accelerate the platform's deployment in European, NATO, and global defense markets.
This partnership aims to provide next-generation defense capabilities to protect against "Harvest Now, Decrypt Later" attacks and ensure unbreakable allied communications in the quantum era.